Fortis statement on transaction with Government of the Netherlands



Published: 19:01 03.10.2008 GMT+2 /HUGIN /Source: FORTIS /BXS: FORB /ISIN: BE0003801181
Fortis statement on transaction with Government of the Netherlands

Dutch Government acquires Fortis Bank Nederland (Holding) N.V., including Fortis' interest ABN AMRO Holding N.V., and the Dutch Insurance activities 

  •         Government of the Netherlands acquired Fortis Bank Nederland (Holding) N.V. including the participation in RFS Holdings B.V. that represents the acquired activities of ABN AMRO, Fortis Verzekeringen Nederland N.V., and Fortis Corporate Insurance N.V.
  •         Total consideration of EUR 16.8 billion
  •         The Dutch Central Bank has approved the transaction
  •         After this transaction, Fortis Group entails Fortis Insurance Belgium, Fortis Insurance International and the banking activities excluding Fortis Bank Nederland (Holding) N.V.
  •  The Government of the Netherlands has acquired Fortis Bank Nederland (Holding) N.V., including the participation in RFS Holdings, that represents the acquired ABN AMRO activities, Fortis Verzekeringen Nederland N.V., and Fortis Corporate Insurance N.V. for a total consideration of EUR 16.8 billion. The transaction replaces the previously announced investment of EUR 4 billion in Fortis Bank Nederland Holding N.V.. We also refer to the press release issued by the Government of the Netherlands. Further details about the transaction will be provided in due course. Fortis is an international provider of banking and insurance services to personal, business and institutional customers. We deliver a total package of financial products and services through our own high-performance channels and via intermediaries and other partners. We have a presence in over 50 countries and a dedicated, professional workforce of more than 65,000. More information is available at www.fortis.com.  

    Press Contacts:       
    Brussels:  +32 (0)2 565 35 84 Utrecht: +31 (0)30 226 32 19
    Investor Relations:       
    Brussels +32 (0)2 565 53 78 Utrecht: +31 (0)30 226 65 66

     

    PDF version press release



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